Sen. Tommy Tuberville Sells Off Microsoft Co. (NASDAQ:MSFT) Stock

Posted by ABMN Staff on Nov 18th, 2024

Senator Tommy Tuberville (R-Alabama) recently sold shares of Microsoft Co. (NASDAQ:MSFT). In a filing disclosed on November 15th, the Senator disclosed that they had sold between $15,001 and $50,000 in Microsoft stock on October 29th.

Senator Tommy Tuberville also recently made the following trade(s):

Sold $15,001 – $50,000 in shares of Travelers Companies (NYSE:TRV) on 10/29/2024.
Sold $15,001 – $50,000 in shares of Apple (NASDAQ:AAPL) on 10/29/2024.
Sold $15,001 – $50,000 in shares of Johnson & Johnson (NYSE:JNJ) on 10/29/2024.
Sold $15,001 – $50,000 in shares of Kimberly-Clark (NYSE:KMB) on 10/29/2024.
Sold $1,001 – $15,000 in shares of Corteva (NYSE:CTVA) on 10/29/2024.
Sold $15,001 – $50,000 in shares of Honeywell International (NASDAQ:HON) on 10/29/2024.
Sold $15,001 – $50,000 in shares of Owens Corning (NYSE:OC) on 10/29/2024.
Sold $15,001 – $50,000 in shares of Adobe (NASDAQ:ADBE) on 10/29/2024.
Sold $15,001 – $50,000 in shares of McDonald’s (NYSE:MCD) on 10/29/2024.
Sold $15,001 – $50,000 in shares of Medtronic (NYSE:MDT) on 8/26/2024.

Microsoft Stock Performance

MSFT opened at $415.00 on Monday. Microsoft Co. has a 12-month low of $362.90 and a 12-month high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.09 trillion, a P/E ratio of 34.24, a price-to-earnings-growth ratio of 2.20 and a beta of 0.91. The stock’s 50 day moving average price is $422.34 and its two-hundred day moving average price is $426.00.

Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the prior year, the firm earned $2.99 EPS. The business’s revenue was up 16.0% on a year-over-year basis. On average, equities analysts forecast that Microsoft Co. will post 12.94 earnings per share for the current year.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio is 24.75%.

Microsoft announced that its Board of Directors has authorized a stock repurchase plan on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MSFT. Sanford C. Bernstein decreased their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Truist Financial reissued a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, October 28th. TD Cowen cut their price target on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $503.03.

Check Out Our Latest Analysis on MSFT

Hedge Funds Weigh In On Microsoft

Several large investors have recently made changes to their positions in the company. Christopher J. Hasenberg Inc raised its position in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after acquiring an additional 44 shares during the last quarter. Quarry LP bought a new stake in Microsoft in the second quarter valued at about $45,000. MidAtlantic Capital Management Inc. bought a new stake in Microsoft in the third quarter valued at about $62,000. Innealta Capital LLC bought a new position in Microsoft during the second quarter worth about $75,000. Finally, Bellevue Group AG grew its position in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after buying an additional 58 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity

In other Microsoft news, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares in the company, valued at approximately $203,784,292.95. The trade was a 7.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,829 shares of company stock valued at $80,966,837 in the last ninety days. 0.03% of the stock is owned by insiders.

About Senator Tuberville

Tommy Tuberville (Republican Party) (also known as Coach) is a member of the U.S. Senate from Alabama. He assumed office on January 3, 2021. His current term ends on January 3, 2027. Tuberville (Republican Party) ran for election to the U.S. Senate to represent Alabama. He won in the general election on November 3, 2020. Tuberville was head coach for several college football teams between 1995 and 2016, including at Auburn University and the University of Cincinnati. Tommy Tuberville was born in Camden, Arkansas, and lives in Auburn, Alabama. Tuberville’s career experience includes working as a studio analyst with ESPN and as the head football coach of the University of Mississippi, the University of Auburn, Texas Tech University, and the University of Cincinnati.

About Microsoft

(Get Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.